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This section includes 7 InterviewSolutions, each offering curated multiple-choice questions to sharpen your Current Affairs knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
Is what brs is the part of double entry system |
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| 2. |
adjusted mai insurance prepaid ka hota hai trial balance mai insurance diya ho |
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| 3. |
How depreciation find |
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| 4. |
In 2018 finel year accountency exam include tex or GST or not???? |
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Answer» No tex and gst are included in finel year in 2018 No |
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| 5. |
Cheques drawn but not cashed besfore December 31 2013 for rs40000 |
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Answer» Incomplete question On 31 December 2013 On which date bookswere closed?? |
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| 6. |
What is different between account and statement |
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| 7. |
The checking of operation performed on input data is known as? |
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| 8. |
Part adjustment when manager is treated as partner of the firm with retrospective effect |
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| 9. |
Loan given to Mohan 2000 |
| Answer» Loan to Mohan a/c. Dr. 2000. To cash a/c. 2000 | |
| 10. |
What do you mean by suspense Account right down the characteristic |
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| 11. |
Depreciation is calculated |
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| 12. |
What is treatment of bank overdraft in dissolution? |
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| 13. |
What is income statement |
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| 14. |
What is maternity principle |
| Answer» Materiality principle states that all the material information of the firm should be disclosed | |
| 15. |
Types of asset,liabilities and what is account |
| Answer» Current, non current and fictitious assets. Current and non current liabilities. Account is a summarised record of transactions relating to a particular head at one place. | |
| 16. |
Name the process of transferring enteries from a journal tk their respective accounts in the ledger? |
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Answer» classifying Ledger posting |
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| 17. |
What is end product of financial accounting |
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Answer» Communication Balance sheet |
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| 18. |
Treatment of drew a cheque, cashed a cheque, withdrawn from bank |
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| 19. |
Name two internal user of accounting users of accounting information |
| Answer» Owner and management... | |
| 20. |
Name t |
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| 21. |
Explain many different types of software used in computer system |
| Answer» Operating system, utility software, application software, system software and language processor | |
| 22. |
Explain consistency assumption and reserve and provission |
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| 23. |
When closing stock shown in trial balance |
| Answer» After preparing trading account and after passing adjustment entries | |
| 24. |
Sir 12th class accountancy exam is cancelled or not |
| Answer» | |
| 25. |
Bank ≠Banks ?? Proof this ........ |
| Answer» Bank means one bank while banks means many bank. | |
| 26. |
How to score for pass in 11 |
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| 27. |
Source document |
| Answer» | |
| 28. |
What is GAAP |
| Answer» Generally accepted accounting principle are the guidelines to carry on accounting practices | |
| 29. |
Why creditors&debtors account is made in incomplete record |
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| 30. |
Bill of exchage |
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| 31. |
What is meant by accountancy |
| Answer» | |
| 32. |
Give any one example of journal proper are used. |
| Answer» Opening entries closing entries | |
| 33. |
Name any two internal users of accounting information |
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Answer» THNX FOR TEACHING ME THAT OK Owners,employees SRY IM STUDENT OF PCM |
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| 34. |
What are bases of accounting? |
| Answer» Cash basisAccrual basisHybrid/Mixed basis. | |
| 35. |
What is accountancu |
| Answer» | |
| 36. |
I am not able to download pdf of acoounts notes. Why ? |
| Answer» | |
| 37. |
Give names of two accounting concepts |
| Answer» simple entry concept double entry concept | |
| 38. |
What is meant by accountancy? |
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| 39. |
Syllabus of supplymentri exam |
| Answer» | |
| 40. |
Tral balance |
| Answer» | |
| 41. |
Difference between outstanding expenses and prepaid expenses |
| Answer» Outstanding expense are those expense which are not paid | |
| 42. |
What is ment by comperative financial statrment? |
| Answer» | |
| 43. |
State what is end prouduct of financial accounting |
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| 44. |
How to calculate capital at the beginning of the year |
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| 45. |
From the following ledger balances prepare trail balance |
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| 46. |
What do you mean by accounting? |
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| 47. |
Capital is a liability for businesses; explain this statement with the principle applied. |
| Answer» | |
| 48. |
books of original entry journal all practical questions |
| Answer» Gokul dad maintains incomplete records of his business | |
| 49. |
What is the new matter for journal entries 2018-19 |
| Answer» | |
| 50. |
Can u plz send us the picture of new book of accounts ?? |
| Answer» It was written by DK Goyal | |